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First Trust Preferred Securities and Income ETF (FPE)

Preferred Stock | Exchange Traded Fund | NYSEArca
17.96 USD +0.02 (0.111%) ⇧ (June 12, 2026, 4 p.m. EDT)
After hours: 17.96
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | June 7, 2026, 5:17 a.m. EDT

This instrument presents as a classic income vehicle with a significant caveat regarding its recent performance. The headline 5.84% dividend yield is attractive, supported by a consistent monthly payout history that has held steady despite market fluctuations. However, the price action tells a different story: the asset is currently trading below its 50-day and 200-day moving averages, reflecting a persistent downtrend that has eroded roughly 8% of its value over the last nine years. While the most recent annual return was positive, the long-term trajectory shows a pattern of volatility and decline rather than sustained growth. For a trader seeking capital appreciation, the momentum is insufficient to justify a bullish stance. For an income investor, the yield is compelling but comes with the baggage of a depreciating principal. The options market offers no clarity, with traders largely absent or placing minor bets on further weakness. This is a hold for yield seekers who can stomach the long-term drag, but not a buy for growth or momentum strategies.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.005756
AutoETS0.005953
AutoARIMA0.006010
AutoTheta0.006492
MSTL_1260.015716

Forecast horizon: 60 days | Selected: MSTL

Forecast Reliability
Score 62%
H-stat 0.14
Ljung-Box p 0.000
Jarque-Bera p 0.001
Excess Kurtosis 0.90
Attribute Value
Trailing P/E 21.98

As of June 7, 2026, 5:17 a.m. EDT: Options activity is sparse and lacks directional conviction. Call volume is negligible, while put interest is concentrated in deep out-of-the-money strikes (15 strike) for the November expiration, suggesting speculative downside hedging or a 'lottery ticket' bet rather than a structured bearish thesis. Implied volatility remains extremely low across the board, indicating a lack of active positioning or fear.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.50% 5.82% 5.87% 5.64%
Dividend History
Date Dividend Yield %
2026-05-21 0.089 0.497485
2026-04-21 0.074 0.409972
2026-03-26 0.091 0.514124
2026-02-20 0.093 0.505710
2026-01-21 0.068 0.371788
2025-12-12 0.122 0.671436
2025-11-21 0.096 0.529217
2025-10-21 0.073 0.396308
2025-09-25 0.085 0.465498
2025-08-21 0.099 0.549390
2025-07-22 0.077 0.432341
2025-06-26 0.084 0.472707
2025-05-21 0.092 0.529649
2025-04-22 0.078 0.454281
2025-03-27 0.093 0.527510
2025-02-21 0.086 0.483962
2025-01-22 0.075 0.423012
2024-12-13 0.093 0.521886
2024-11-21 0.090 0.505051
2024-10-22 0.072 0.398450
2024-09-26 0.093 0.512679
2024-08-21 0.094 0.530175
2024-07-23 0.067 0.382638
2024-06-27 0.097 0.559078
2024-05-21 0.087 0.502020
2024-04-23 0.066 0.386643
2024-03-21 0.089 0.511494
2024-02-21 0.088 0.515524
2024-01-23 0.071 0.418632
2023-12-22 0.086 0.509781
2023-11-21 0.096 0.595164
2023-10-24 0.060 0.384862
2023-09-22 0.089 0.555556
2023-08-22 0.099 0.619524
2023-07-21 0.076 0.471757
2023-06-27 0.077 0.485498
2023-05-23 0.104 0.660317
2023-04-21 0.069 0.431250
2023-03-24 0.099 0.645372
2023-02-22 0.091 0.518519
2023-01-24 0.072 0.401562
2022-12-23 0.093 0.550622
2022-11-22 0.091 0.538143
2022-10-21 0.072 0.441989
2022-09-23 0.084 0.492091
2022-08-23 0.085 0.480497
2022-07-21 0.067 0.379388
2022-06-24 0.086 0.495963
2022-05-24 0.085 0.479413
2022-04-21 0.062 0.334954
2022-03-25 0.086 0.456961
2022-02-18 0.075 0.389004
2022-01-21 0.067 0.333832
2021-12-23 0.080 0.395062
2021-11-23 0.083 0.409877
2021-10-21 0.065 0.317383
2021-09-23 0.074 0.358354
2021-08-24 0.084 0.407767
2021-07-21 0.071 0.344828
2021-06-24 0.072 0.350706
2021-05-21 0.087 0.428571
2021-04-21 0.061 0.299754
2021-03-25 0.087 0.431334
2021-02-23 0.079 0.392254
2021-01-21 0.071 0.350964
2020-12-24 0.082 0.406142
2020-11-24 0.089 0.447461
2020-10-21 0.063 0.326087
2020-09-24 0.083 0.437302
2020-08-21 0.088 0.456905
2020-07-21 0.069 0.366437
2020-06-25 0.097 0.525745
2020-05-21 0.075 0.413451
2020-04-21 0.090 0.522648
2020-03-26 0.097 0.560694
2020-02-21 0.076 0.372915
2020-01-22 0.077 0.379684
2019-12-13 0.096 0.482170
2019-11-21 0.092 0.463243
2019-10-22 0.076 0.382679
2019-09-25 0.095 0.481744
2019-08-21 0.088 0.450820
2019-07-23 0.074 0.377744
2019-06-14 0.100 0.521105
2019-05-21 0.103 0.537859
2019-04-23 0.077 0.400833
2019-03-21 0.101 0.532700
2019-02-21 0.089 0.473908
2019-01-23 0.077 0.417570
2018-12-18 0.106 0.586283
2018-11-21 0.104 0.565525
2018-10-23 0.081 0.430393
2018-09-14 0.097 0.507588
2018-08-21 0.094 0.489838
2018-07-20 0.076 0.397490
2018-06-21 0.101 0.527691
2018-05-22 0.093 0.483368
2018-04-20 0.082 0.420729
2018-03-22 0.099 0.507432
2018-02-21 0.080 0.407539
2018-01-23 0.089 0.446787
2017-12-21 0.093 0.465465
2017-11-21 0.098 0.489022
2017-10-20 0.081 0.402584
2017-09-21 0.104 0.519221
2017-08-22 0.080 0.399202
2017-07-21 0.076 0.378486
2017-06-22 0.103 0.516809
2017-05-23 0.091 0.459132
2017-04-21 0.078 0.397553
2017-03-23 0.109 0.559836
2017-02-22 0.080 0.410889
2017-01-20 0.086 0.449086
2016-12-21 0.100 0.528262
2016-11-22 0.097 0.511334
2016-10-21 0.082 0.420297
2016-09-21 0.099 0.507692
2016-08-23 0.105 0.536536
2016-07-21 0.073 0.377066
2016-06-22 0.088 0.460492
2016-05-20 0.102 0.539112
2016-02-23 0.066 0.361248
2016-01-21 0.120 0.646552
2015-12-23 0.082 0.436635
2015-11-20 0.123 0.649076
2015-10-21 0.080 0.423280
2015-09-23 0.130 0.690021
2015-08-21 0.085 0.448786
2015-07-21 0.065 0.340671
2015-06-24 0.103 0.542677
2015-05-21 0.079 0.412964
2015-03-25 0.110 0.573813
2015-02-20 0.070 0.368227
2015-01-21 0.043 0.228723
2014-12-23 0.213 1.136000
2014-11-21 0.085 0.446194
2014-10-21 0.070 0.369783
2014-09-23 0.114 0.598425
2014-08-21 0.091 0.472482
2014-07-22 0.054 0.282132
2014-06-24 0.124 0.645161
2014-05-21 0.073 0.383001
2014-04-22 0.066 0.349762
2014-03-25 0.107 0.571581
2014-02-21 0.077 0.418024
2014-01-22 0.058 0.316767
2013-12-18 0.119 0.665176
2013-11-21 0.073 0.406685
2013-10-22 0.065 0.355191
2013-09-20 0.162 0.899001
2013-08-21 0.075 0.419463
2013-07-23 0.102 0.526044
2013-06-21 0.107 0.556712
2013-05-21 0.020 0.096665
2013-04-23 0.033 0.161685
2013-03-21 0.086 0.424063
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 5.84

Info Dump

Attribute Value
All Time High 21.24
All Time Low 10.4
Ask 18.51
Ask Size 25,400
Average Daily Volume10 Day 1,039,580
Average Daily Volume3 Month 1,242,796
Average Volume 1,242,796
Average Volume10Days 1,039,580
Beta3 Year 0.72
Bid 17.05
Bid Size 1,700
Category Preferred Stock
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 17.97
Day Low 17.92
Dividend Yield 5.84
Eps Trailing Twelve Months 0.81715196
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 18.0272
Fifty Day Average Change -0.067201614
Fifty Day Average Change Percent -0.0037277897
Fifty Two Week Change Percent 1.4689207
Fifty Two Week High 18.51
Fifty Two Week High Change -0.55000114
Fifty Two Week High Change Percent -0.02971373
Fifty Two Week Low 17.54
Fifty Two Week Low Change 0.41999817
Fifty Two Week Low Change Percent 0.023945162
Fifty Two Week Range 17.54 - 18.51
First Trade Date Milliseconds 1,360,679,400,000
Five Year Average Return 0.029720599
Full Exchange Name NYSEArca
Fund Family First Trust
Fund Inception Date 1,360,540,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in preferred securities ("Preferred Securities") and income-producing debt securities ("Income Securities"). The fund invests in securities that are traded over-the-counter or listed on an exchange.
Long Name First Trust Preferred Securities and Income ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_225218946
Nav Price 17.91
Net Assets 6,337,562,600.0
Net Expense Ratio 0.83
Open 17.94
Phone (800) 621-1675
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 17.96
Post Market Time 1,781,299,274
Previous Close 17.94
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.0199986
Regular Market Change Percent 0.111475
Regular Market Day High 17.97
Regular Market Day Low 17.92
Regular Market Day Range 17.92 - 17.97
Regular Market Open 17.94
Regular Market Previous Close 17.94
Regular Market Price 17.96
Regular Market Time 1,781,294,400
Regular Market Volume 827,259
Short Name First Trust Preferred Securitie
Source Interval 15
Symbol FPE
Three Year Average Return 0.1000372
Total Assets 6,337,562,624
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 21.978775
Trailing Peg Ratio None
Trailing Three Month Nav Returns -0.34962
Trailing Three Month Returns -0.34962
Triggerable 1
Two Hundred Day Average 18.19185
Two Hundred Day Average Change -0.23185158
Two Hundred Day Average Change Percent -0.012744804
Type Disp ETF
Volume 827,259
Yield 0.0584
Ytd Return 0.91422